For the first time ever an auction house will act as dealer for a living artist

"Phillips de Pury is to represent the photographer Annie Leibovitz in a move which further blurs the boundaries between auction houses and dealers. According to Simon de Pury, Phillips’s energetic chairman, Leibovitz approached the auction house through Charlie Scheips, its worldwide director of photographs, who joined in 2007 and has known the photographer since 1987."

You could see that one coming when Hirst started going solo and dealing directly with auction houses.

"The auction house would not disclose what commission it will take from these sales, although it is unlikely to vary dramatically from the usual contemporary gallery level of around 50%. Phillips says no Leibovitz works from its selling exhibitions will be offered at auction. The two strands of the business are completely separate, says Mr de Pury.

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